Real Estate agent education standards to increase 600%: REINSW

  • Written by Helen Hull


The much sought after path to professionalism is progressing with the NSW Legislative Assembly passing a crucial bill that will lift education standards by 600 per cent, according to the Real Estate Institute of New South Wales.

REINSW CEO Tim McKibbin described the Property, Stock and Business Agents Amendment (Property Industry Reform) Bill 2017, which passed by the NSW Legislative Assembly last week (13 February 2018) as a generational change and is the culmination of more than 10 years of lobbying by the Institute.

“The days of becoming a real estate agent in less than a week are finally over,” Mr McKibbin said. “Under the reforms education requirements for a career in real estate will increase by 600 per cent,” he said.

“This is a win for the consumer and the property services industry because a better educated agent delivers a better consumer outcome.

“It is the single biggest achievement for the industry this century and plays a major role in the path to professionalism that we have embarked upon,” Mr McKibbin said.

 

“Under the reforms, CPD (continued professional development) obligations of agents, which is essential to keeping an agent’s professional skills sharp and current, will also be significantly improved,” he added.

 

The Bill will now be sent to the NSW Legislative Council and is slated to be heard at its next sitting on 6 March 2018. Members of the Council will decide if the Bill is passed, amended or rejected. 

If it is passed it will be sent to the Governor of NSW for his assent and reforms are expected to be implemented on 1 July 2018.

Business

5 Small Business Threats You Might Have to Face

Many of us dream about running our own business, and while this can be rewarding, it also comes with a certain set of risks you will simply have to take...

Why Hiring An Online Marketing Agency Is Essential To Your Business?

Nowadays, digital or online marketing has become popular in almost all kinds of businesses around the globe. It can promote your business product or services rapidly online, that’s why more...

6 Tips To Stay Safe At Work

The success of a project is not always measured by how flawless the final product is. Safety of everyone involved is a large factor in determining the accomplishment of a...

The Digital Sage - How Virtual Offices Are Revolutionising Modern Business

When businesses began to save money by transforming traditional office space into virtual office formats, the remote worker became the next best thing to sliced bread. Years later, seeing the...

Australia and Argentina; from competition to collaboration

Minister David Littleproud and his counterpart Argentina’s Minister for Agroindustry, Dr Luis Miguel Etchevehere signing the High Level Agricultural Dialogue communique Australia and Argentina overnight committed to stronger agricultural engagement and...

A Step-by-Step Guide to Launching a Startup

As much as being your own boss may seem challenging, it can also be an utterly rewarding endeavor. At the same time, it’s an emotional rollercoaster and a risky undertaking...

Popular articles from Modern Australian

Top Sightseeing Spots in New ZealandMust-Pack Items for a Travel Blogging BossHow to Travel safely to AustraliaAdd a little colour to your move - and life!National Action Plan For Endometriosis Is A Game-Changer For Australian WomenPre - summer pampering: Australian women are detoxifying themselves in the most  “kind-Ly” fashion! 6 Simple Rules for Redesigning Your KitchenLuxury Camping Adventures Around the WorldSydney rental market slows: REINSWDog Flea AllergyGroom To Do ListEye Health Dos and Don'ts5 Ways to Turn Your Bedroom into a True Zen RetreatThings to Consider when Deciding on your Wedding Flowers for the Big DayRenovating tips for your house